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from china. barbara starr a cnn pentagon correspondent, chris johnson is senior adviser at the center for strategic international studies. he was a former senior china analyst at the cia. chris, let me start with you. the ceo of namdia said that they had had enough. >> we felt that tolerance in the private sector, that it's just shrinking. people are sick and frustrated with how much i.p. we've lost to chinese hackers. we felt it was just a natural timing. >> chris, sounds like u.s. corporations have had enough. >> yes, i think that's definitely true. i mean, what's telling about the report that has just come out is the pervasiveness of this espionage by the chinese. and especially the role of the chinese military in economic espionage. you know, it's presumed, of course, that an opposition force, military force might enghaj probgauge in probes of national security information, looking for national security information. this economic espionage by the chinese military is a stark revelation, and it demonstrates that it's the entire force of the chinese government that is involved in thi
of people whose jobs depend on the defense department and are now facing furloughs. our pentagon correspondent barbara starr has one worker's stories. she's joining us. barbara? >> wolf, we've heard about this fancy washington word sequester for months now. what does it really mean? it means for hundreds and thousands of federal workers trying to figure out how to live on less. maintaining fighter jets and warships at the ready, providing care at military hospitals, crucial military functions done by some 800,000 civilian workers. now the pentagon has told congress these workers will be forced to stay home one day a week without pay if mandatory spending cuts are not averted. >> everybody is waiting to hear. it's definitely become the new "f "word here. furlough. >> for federal workers it will mean painful decisions. peter is already making plans. >> i'll pay those core bills. i'll pay the mortgage and the utilities and then you live on what's left. >> the head of the government workers union says his people have already suffered. >> already these employees have suffered a 27-mon
be furloughed unless congress can come to an agreement by march 1st. the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look,
including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> the pentagon is warning today of drastic civilian cutbacks under the automatic budget cuts set for march 1st. our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are some 800,000 civilian workers are facing one day of furlough for the next 22 weeks. it is going to start hitting an awful lot of people right in the pocketbook. i want you to have a quick listen to one of the pentagon officials that explained some of the impact today. >> the effects of sequestration and the continuing resolution on our military personnel will be devastating. but on our civilians, it will be catastrophic.
on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> the pentagon will notify congress of its plan to furlough employees. more than 700,000 will be required to take one day off per week without pay if sequestration kicks in. >> maryland could be impacted most by sequestration. >> howard county officials are bracing. 50,000 officials hold positions that could be affected by the in. that can agaikick >> it will be devastating. it is not just the big contractors. it is also the small ones. >> calling on congress to get a deal done. the obama administration plans to stop cyber stealing. >> hallie jackson has details. >> the obama administration will announce it is going after countries that spy on the u.s. by hacking. the u.s. wants more fines as part of an aggressive stance against cyber attacks, especially those from china. a chinese military unit was linked to years of stealing secrets on mine from the u.s. and private companies. china says they have nothing to do with the cyber attacks. >> what has the administration done so far? >> the president ha
and the u.s. is taking the test very seriously. let's bring in barbara starr. live at the pentagon. this test is wore i sor woresom. >> one of the biggest problems right now is whether or not north korea really has achieved a miniaturid bomb. they say they set off a smaller, more lethal explosive, if you will. miniaturization is key. that means they could possibly put a small war head on a missile sooner than expected and deliver it to a target. now the cia, pentagon, all has to look at this to determine what they set off and essentially now work backward. if it was a miniaturized bomb, what did it take north korea to get there? where did they get the technology, the engineering, the expertise, the money to do it? they will look at what it would have taken north korea to achieve what they say they achieved and try to figure out how they did it and who might have helped them. zoraida. >> has theyou say there. there has been of skepticism in where this program is right now. >> the u.s. has been skeptical for years. in december, they successfully launched a long-range ballistic missil
elsewhere. dagen: selling drones to our allies. we will take you live to the pentagon. take a look at some of those stock plays in that sector today. drone stalks. ♪ dagen: every 15 minutes, we try. stocks now. >> it is the highest level ever. we will bring you straight to the board. it is up 6%. volume is pretty good. the s&p 500 is up for seven weeks in a row. we have only seen that happened 22 times. as we are right now at 1527, we are 49 points from our highest level ever in history for the broader market. connell: thank you very much, lauren. the republican party looking for essentially a bigger business model. ideas on how to put it together. >> you set the bar very high. connell: this is about youth voters. the president basically dominated the youth vote. voters under 30. we will talk in a moment about how he fixes that. you have three specific ideas. this is a problem that a lot of people have set up. the republican party was kind of outdated, the money ball era of politics are here. you have three ideas. understand how media consumption has changed. >> for young people, they ar
-bye. and that is precisely what the defense secretary did today in his farewell ceremony. this is just outside the pentagon. he spoke about his challenges his replacement must face. >> you're going to have to continue to deal with rogue states like iran and north korea. we just saw what north korea has done in the last few weeks. a missile test and now a nuclear test. they represent a serious threat to the united states of america. we have got to be prepared to deal with that. >> deal with that, he says. panetta has been leading the pentagon for the last 18 months. but he's been in public service for the last five decades. >>> live this hour, big moment for chuck hagel, the man president obama would like to become the next secretary of defense. the senate armed forces committee holding a vote on hagel's nomination. and while it is likely he will be confirmed, several republicans, they're still putting up a fight. that happens this hour. >>> also, cereal and soda? pepsi introducing a new mountain dew drink for, dare i say, breakfast, calling it kick start. the company says it doesn't consider this an energy
stopper in all of this, wolf. >> thank you very much, barbara starr at pentagon. >>> up next here in "the situation room," a feud involving the actor alec baldwin and a new york post photographer. there's different versions about what happened. that's coming up next. the ones with the strong shoulder to lean on, the ones we're named after, and the ones named after us. it takes all kinds of good to make a family. at new york life, everything we do is to help you keep good going. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> here's a look at this hour's hot shots. in new york, thousands line the streets to mark the year of the snake at the festival last sunday. >>> in bali, a beautiful sunset over the water. >>> in california, paragliders come in for a landing over the beach. send in your photos to
hagel's prospects for running the pentagon are going to hang in limbo for another two weeks as senate republicans get exactly what they want, more time. folks, delay is rarely a good thing when it comes to these fights. also this morning, a deep dive into iran's upcoming election as ahmadinejad heads out of office, the world wants to see which way his successor will take the combative country. >>> and a monumental moment lambs on capitol hill, with the retirement of new jersey senator frank lautenberg, there will be no more world war ii veterans in the u.s. senate. what's that mean for our politics and our national perspective? >>> good morning from washington. it's friday, february 15th, it's t"the daily rundown." i'm chuck todd. president obama is standing by his embattled nominee for secretary of defense, chuck hagel, as hagel's former senate republican colleagues put up a major roadblock yesterday in their attempts to not just delay the nomination, but try to kill it. >> the yeas are 58, the nays are 40. one senator announced present. >> and with that senate vote, chuck hagel came
during a pentagon investigation into e-mails that he had exchanged with a civilian woman who was linked to the scandal that forced the director david petraeus to resign. he has since been cleared of wrongdoing. "the washington post" reporting the general is leading service because his wife is seriously ill. a discussion on the sequester hosted by politico this morning was disrupted by protesters. they spoke out against the across-the-board cuts that go into effect on march 1st entered into an explanation by former white house chief of staff erskin bowles ms. luft -- of other cuts could be made. here is a look. >> talking backstage over talking abut the sequester that most people in the room believe will happen on march 1st as automatic cuts. mr. bowles when you have referred to them as dumb, stupid. you used that word three times to estimate a are dumb and they are stupid, stupid, stupid. look, there is no business in the country that makes the cuts across the board. you go in there and you try to search for the things that have the least at first effect on productivity. second, cutting
billion in budget cuts set to begin in just eight days. on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government, and some of these tax loopholes that we could close that frankly benefit the well off and well connected. >> now, congress isn't in session this week. it isn't expected to reach a deal by the march 1st deadline to prevent the sequester. so, ideal, the physical mini cliff continues. >>> david einhorn is taking his case against apple directly to the company's shareholders. he's seeking an injunction to get rid of a system to issue pressed stock. einhorn will hold a conference call with investors today, an interesting move and one that's seeing apple sh
to take somewhat of a haircut, if you will, on spending because of our economic situation. the pentagon can take some more cuts. i will not give you what that number may be. if they budgeted around 450 billion annually, which is a fairly significant cut from where we were at last year, we could certainly take care of our national defense. i will add, one thing that many people believe that after afghanistan and iraq is completed that we will go back to a peace dividend. we will live in a world of persistent conflict for the rest of our lives. lori: we are watching turkey and egypt and israel and syria. it is alarming. general, thank you for your input. >> thank you very much. melissa: boeing and its customers are facing a hefty price tag. japanese carrier, which has large airliners in its fleet than any other airliner out there, is reporting more than $1500 in lost revenue. investigators are still trying to figure out what caused one battery to catch fire earlier this month. the carrier says it remains unclear when the dreamliner will resume commercial flights. lori: check out shares of
is now warning that the pentagon is planning a partial virgo. dagen: to wait in "wall street journal" board member, jason riley. if you look at, it will only be about 45 billion discretionary mandatory cuts. >> we are talking about 7% in defense, 5% and domestic spending. the sequestration goes through, you know, the first responders will go away. cities will burn. border control, at this rate, illegal immigrants will raid this country. connell: you think it is basically no big deal. it is a pretty small percentage. >> there are no efficiencies to be found in government? connell: some republicans will say we do not want to cut the fence. we would rather see the cuts come from elsewhere. >> i think they could be handled responsibly. republicans are trying to give the president some discretion on where the cuts are applied. harry reid and other democrats, however, respond to that. i think this can be done responsibly. whether it is domestic spending or defense. what the president does have in his advantage here is republicans are somewhat divided in this. i think it is important for th
to severe cuts to the pentagon. you see just four states there including georgia and virginia which could lose more than 100,000 jobs each over the next ten years. cuts in grants to the states could lead to big reductions in food aid to the poor, low income energy assistance, child care and development and other social services as well. and really this is only the start. again, ten days left at this point. >>> now, we want to bring you some of the hottest stories of the day in a flash. we're keeping an eye on the jodi areas trial. she admits to the gruesome killing of travis alexander. late this morning her attorney began to lead arias through the weeks before the brutal killing. arias read an angry text from travis about a drawing that he had done which she left behind. >> imagine if i did that to you with something you gave me. give me a pardon from any madness. i don't need it. it's wearing me out and if it continues, just like i have to give you motivation to tell me the truth, i'll give you motivation to quit screwing with me. >> arias has given multiple versions of the killings. she
. the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look, the driver was surprised to see that the vehicle came at the next ga
to see you. i wanted to put this up. this is what's on the cover of "usa today." pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is really unsustainable and deeply dangerous long-term fiscal situation and i think if we had done that, not only would be useful for the long run but i think could have generated confidence in the shorter run and promote jobs now. now instead of that we have a happen has 5rd process. a sequester we're facing. it's a terrible piece of legislation. it arbitrarily cuts defense and nondefense without thoughtfully doing so. instead of being phased in so we'd have more room for recovery, it hits abruptly. and it's far, far from clea
's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you? >> very few. look they're politicians. they want to spend as much money as they possibly can and they don't want to pay for it. >> who agrees with you? >> oh, i don't know. i bet -- oh, god, joe agrees with me. >> you forgot. the other thing, howard, and i'm just alluding to it, there will be no return to the bush era tax rates on anyone under $400,000? >> right. >> okay. so take that amount of money, whatever that is per year. how much do you need -- how many loopholes do you need to close? what is the marginal rate have to be on people above 400 to replace that potential revenue? it's 100%, isn't it? >> but i don't --
the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would have immediate impacts, more than 75
over 100,000 pentagon workers will be furloughed and an hour and a half line at least to get on a plane, more like four hours because they have to be furloughed. wait a second! i thought we were all going to all be affected. >> gretchen: that was monday, tuesday, wednesday. >> steve: right. it looks like the white house and cabinet minute secretaries have -- ministers clearly hyped this whole thing. keep in mind, the white house and the administration has a lot of leeway in how the cuts are administered among the agencies and phil gramm, former senator from texas who helped right the sequestration bill in the 1985s, he's going to be our guest in ten minutes. he's going to tell us about the president, if he makes the choices where they are deliberate, maximum cut for maximum political gain, that would be the wrong thing to do for america. >> gretchen: he seems to be backing off on that now because i think if this crisis ultimately did not happen come saturday, the credibility of the president and his administration would be called into question. meantime, what do you think about this? th
-- pentagon spending cuts set for march 1. later in the day, republican governor gary herbert will talk about his efforts to reform health care in his date and discuss utah's use of health insurance exchanges. he recently met with health secretary sibelius. live coverage at 12:30 p.m. eastern. >> according to pakistan's ambassador, drone strikes in pakistan are illegal and counterproductive. sherry rahman spoke to the christian science monitor on tuesday. here are part of her remarks. you can see the entire event on c-span.org. >> ambassador, i want to ask about drones. position is that they are a violation of your sovereignty and international law. under both of those categories, you have a right -- why don't you shoot down the drones? further, has pakistan threatens to shoot down drones. if not, why not? i ask this because there is an understanding that well pakistan publicly opposes strikes -- why don't you shoot down the drones? >> let me address this as most spokespeople to -- they speak to what they can. it is an important question. you asked a question which many ask. is there quiet co
washington post" that we needed to reduce dod as a reason to improve efficiency within the pentagon. that applies to all the other agencies as well. secondly, most of the concern about sequestration is about readiness. which is absolutely true. if you talk about the lawyers that work as defense contractors, they believe that they will have a field day. we have even had testimony last year that the legal household emanating from sequestration making up a lot of the savings. but beyond that, as senator ayotte and senator lindsey reference, there are a lot of dangerous places in the world. but we do is try to develop capabilities to deal with the unknowable contingencies of what could happen at a place like syria or iran or north korea. with less money, you can perform with fewer contingencies. this hurts us in the real world today. my final point is there are lots of options to deal with this. as was mentioned, the house passed bills twice last year to substitute sequestration savings for other more or other more targeted savings, so the same amount of money, and these domestic progra
Search Results 0 to 31 of about 32 (some duplicates have been removed)